The PBOC weakened the currency so we see a risk off in EMFX across the board and SAGBs open up weaker
USD surges relative to emerging markets
Oil resumed its decline as demand fears deepened after Trump threatened to slap more tariffs on China. Futures lost 1% after closing up 3.2% in the previous session
S&P 500 futures down more than 1% while the Nikkei and Hang Seng both declined more than 2%
US nonfarm payrolls disappoint but wage growth accelerates, Eurozone retail sales sharply higher in JuneDailyMarketCommentary5.08
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